News broke a while back that there are plans to return to the Men in Black franchise with a third film and original stars Will Smith and Tommy Lee Jones would also return to reprise their roles. Smith was on board and ready to go, until another film of his got greenlit over at Fox. That film? The City That Sailed. From Variety:

Penned by Andrew Niccol, “City that Sailed” revolves around a New York street magician who is unhappily separated from his young daughter. The girl, who moves to London, finds magic candles that make her wishes comes true, with unintended consequences: The island of Manhattan separates from the continent and floats toward England, bringing her dad ever closer. There’s no director yet on the project.

Smith has been off-screen for some time and hasn’t had a hit since his 2008 film Hancock (which is also being talked about for a sequel). Smith has been wearing his producer pants more lately, with his company Overbrook Films. They’re currently producing the reboot of The Karate Kid, starring Smith’s son, Jaden.

With the deadline for casting coming up for both films pretty soon, Smith will inevitably have to make his decision, which could mean we won’t see a third Men In Black film for quite some time.